BBC News | Laura Bicker
President Donald Trump's return visit to Beijing for a summit with Xi Jinping underscores China's significant strategic evolution over the past decade, transforming into a stronger and more assertive global power. China, now well into Xi's unprecedented third term, has heavily invested in "new productive forces" like renewable energy, robotics, and artificial intelligence, exemplified by megacities such as Chongqing. The US now acknowledges China as a "near-peer," reflecting a profound shift from Trump's 2017 visit. While trade, technology, and Taiwan remain thorny issues, Iran has emerged as a new source of tension, with Trump seeking China's help to broker a deal. Beijing has strategically reduced its reliance on the US market, diversifying trade partners and bolstering domestic industries like electric vehicles. Despite showcasing soft power and economic dynamism, China faces internal challenges including local government debt, a sluggish property sector, and persistent low consumption. The summit navigates a complex landscape of technological supremacy competition, particularly over advanced AI chips, and geopolitical influence, with China aiming to project stability amidst global shifts.
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